Episode Transcript
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Speaker 1 (00:00):
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During the Obama regime, liberals came up in all kinds
(01:03):
of creative ways to explain away the pathetic economy. They
told us the traditional business cycle was over, that anemic
growth was the new normal. They celebrated the supposed joys
of fun employment. Obama himself declared that certain jobs were
never coming back. That's wrong. Today, consumer confidence is at
(01:24):
a seventeen year high, unemployment is low, the markets are soaring.
Economic growth is beating all expectations, but not everybody's happy
about it. In Sunday's Washington Post, columnist Robert Samuelson warns
us to beware and economic boom. We don't need an
economic boom, but that's what we may be getting, he writes.
(01:45):
He says, since the election of Donald Trump, the stock
markets up almost twenty four percent and the four point
one percent unemployment rates the lowest in seventeen years, we
have back to back quarters of three percent economic growth.
All of that is not good. Samuelson argues that long
stretches of good times can become self destructive. People, consumers,
(02:06):
business owners, managers, bankers, investors, entrepreneurs become sloppy, over confident,
and complacent. He predicts, the bigger the boom, the bigger
the bust will be. That follows. We have an entire
generation of Americans who don't even know what it's like
to live in a boom economy. We finally have one
they deserve to find out, and the left is telling
(02:26):
us we don't deserve it because it's only going to
mean bad times ahead. Rush has just made his spectacular
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(02:49):
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